On 26 November 2024, the Australian Senate approved the Taxation (Multinational—Global and Domestic Minimum Tax) Imposition Bill 2024. The Bill was approved by the House of Representatives in August 2024. As previously reported, the Bill provides for the imposition of the Pillar 2 top-up taxes in Australia, including the Australian Domestic Minimum Tax (DMT) tax, Australian Income Inclusion Rule (IIR) tax, and Australian Undertaxed Profits Rule (UTPR) tax. The Australian DMT tax and Australian IIR tax apply for fiscal years beginning on or after 1 January 2024 for MNE groups with annual global revenue of at least EUR 750 million....